World food prices eased for a second month running in July after five consecutiv...
FILE PHOTO: Workers inspect fruit and vegetables on display at the New Covent Garden wholesale market in London, Britain, February 3, 2018. REUTERS/Simon Dawson/File Photo
The Food and Agriculture Organization food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 170.9 points last month from a downwardly revised 172.7 points in June.FAO did not update its forecast for world cereal production on Thursday. The next estimate will come on Sept 5.
The FAO dairy price index fell 2.9% from June, the second straight month of decline, and the index value was down almost 3% compared with the corresponding month last year. Quotations for butter declined the most, followed by cheese and Whole Milk Powder .
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